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Weather Natural Disasters

  • TOKYO, April 28- Sony Corp said on Friday it expects operating profit to rise 73.2 percent in the financial year through March 2018 as its cash-cow image sensor business recovers from earthquake damage that had suspended a key plant in southern Japan. Sony forecasts operating profit to rise to 500 billion yen from 288.7 billion yen a year prior, when earnings...

  • LIMA, April 19- Peru's economy will recover in coming years with investment in construction after recent flooding, likely growing 4.5 percent in 2018 and 5 percent in 2019, Finance Minister Alfredo Thorne said on Wednesday. "The shock will be temporary," Thorne said in a presentation at Lima's Chamber of Commerce. Peru's economy, which has also been hurt by...

  • PLYMOUTH, Mass.— The only nuclear power plant in Massachusetts won't have to comply with certain safety requirements as it prepares to shut down, getting a pass on precautions put in place after the Fukushima disaster in Japan. The U.S. Nuclear Regulatory Commission, or NRC, says that Pilgrim Nuclear Power Station won't have to upgrade its vent system before it...

  • ZURICH, April 13- Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world's second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices rise in Australia. Cyclone Debbie, a Category 4 storm, slammed into Australia on March 28. The disaster zone stretched 1,000 km...

  • STRASBOURG, April 4- Britain will get 60 million euros from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday. Britain had asked for EU support to rebuild infrastructure damaged by heavy rains in the winter of 2015-16. European Parliament lawmakers will approve the grants on Wednesday, clearing the way for the funds to...

  • STRASBOURG, April 4- Britain will get 60 million euros from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday. Britain had asked for EU support to rebuild infrastructure damaged by heavy rains in the winter of 2015-16. European Parliament lawmakers will approve the grants on Wednesday, clearing the way for the funds to...

  • A woman cries over the coffin of a relative killed in the mudslides caused by heavy rains, at the cemetery in Mocoa, Putumayo department, Colombia on April 3, 2017.

    Rescuers continued to search for victims of flooding and landslides that devastated southern Colombia, killing at least 273 people.

  • The disaster zone stretched 1,000 km from Queensland state's tropical resort islands and Gold Coast tourist strip to the farmlands of New South Wales state. The body of 77- year-old Nelson Raebel was found in floodwaters in the state of Queensland on Saturday afternoon, Queensland Police said, bringing the national death toll to three since the cyclone hit on...

  • WASHINGTON, March 30- In revamping the North American Free Trade Agreement, the Trump administration will seek tax equality and the ability to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, a draft of negotiating objectives shows. "The persistent U.S. deficit in goods trade with Canada and Mexico...

  • WASHINGTON, March 30- In revamping the North American Free Trade Agreement, the Trump administration will seek tax equality and the ability to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, a draft of negotiating objectives shows. "The persistent U.S. deficit in goods trade with Canada and Mexico...

  • WASHINGTON, March 30- The Trump administration will seek changes to the North American Free Trade Agreement allowing it to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, according a draft document sent to Congress. Trade Representative's office to members of Congress for review.

  • WASHINGTON, March 30- The Trump administration will seek changes to the North American Free Trade Agreement allowing it to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, according a draft document sent to Congress. "The persistent U.S. deficit in goods trade with Canada and Mexico demands that this...

  • WASHINGTON, March 30- The Trump administration will seek changes to the North American Freed Trade Agreement allowing it to reimpose tariffs if a flood of imports from Canada and Mexico causes "a threat of serious injury" to U.S. industry, according a draft document sent to Congress. "The persistent U.S. deficit in goods trade with Canada and Mexico demands that...

  • JOHANNESBURG, March 30- Drought conditions associated with an El Nino weather pattern are likely to reoccur in a few months time, the South African government said on Thursday. The previous El Nino, which faded in May of last year, brought widespread drought to southern Africa, hitting crop production and fuelling inflation across the region while leaving...

  • Cyclone Debbie fallout

    Darren O'Connell, Suncorp, says property damage claims in the wake of Cyclone Debbie are expected to increase.

  • Cyclone Debbie hits Queensland

    The cyclone hit northeast Australia, cutting off power for some households and potentially wiping out sugarcane crops. Matt Taylor reports.

  • A general view shows deserted neighborhood in the town of Ayr in far north Queensland as Cyclone Debbie hit the coastline on March 28, 2017.

    Tens of thousands of homes remained without power as dawn broke on Wednesday after Cyclone Debbie tore through northeast Australia.

  • ZURICH, March 19- Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect farmers against floods or drought. "We feel very strongly that our ability to figure out solutions to the problems that our clients have means they will...

  • TOKYO, March 17- A court in Japan on Friday ruled that Tokyo Electric Power and the government are liable for negligence in a case involving compensation for the Fukushima nuclear disaster, the first time the judiciary has ruled the state has liability, Japanese media reported. The district court in Maebashi, north of Tokyo, ruled in favour of 137 evacuees seeking...

  • National Weather Service blizzard and winter storm warnings were in effect for the region including New York, Pennsylvania, New Jersey and Connecticut, with forecasts for up to 2 feet of snow by early Wednesday and temperatures 15 to 30 degrees below normal for this time of year. "If you must go out, do so for as limited time period as possible... but the best thing to do...